Editor’s Note: Scholars attempt to dress up Keynes’ theories, but this quote tells it all; his ideas are supported by theft and fraud and if the general population understood anything about them, they would conclude the same thing. Read Hayek’s great work, The Denationalization of Money.  “By this means government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft.” — British Lord John Maynard Keynes (the father of ‘Keynesian Economics’ which our nation now endures) in his book “THE ECONOMIC CONSEQUENCES OF THE PEACE” (1920).

Mises Regarding my previous posts Hayek vs Keynes at the LSE and Keynes vs. Hayek BBC debate at the London School of Economics, the Cobden Centre‘s Toby Baxendale has informed me that the Keynes v Hayek debate, originally held at LSE on July 26, 2011, and broadcast on the BBC on August 3, will be repeated on the BBC on Wednesday, August 24, at 9am (UK time, presumably), on the Radio 4 show “Analysis.” (Professor George Selgin and Dr. Jamie Whyte represented the Hayekian side, and Professor Lord Skidelsky and Duncan Weldon the Keynesian.)

Keynes and Hayek Held Vastly Different Conceptions of Fiscal Policy
Keynes and Hayek Held Vastly Different Conceptions of Fiscal Policy

I was told that it is very unusual for the BBC to do this, but apparently the Radio 4 bosses liked the Keynes v Hayek debate a great deal. This should add around 1.5 million listeners to the estimated 1 million radio listeners the programme has already had. (It was in the iTunes News and Politics top 5 in the UK.) So, that’s 2.5 million Brits exposed to Austrian ideas about the business cycle. Not bad!

For those who do not want to wait for the rebroadcast, you can find the BBC Radio 4 Analysis show here in iTunes; the direct link to the podcast of the actual debate, released Aug. 3, 2011, is here (and the MP3 file can be downloaded here).

See also Brian Micklethwait’s post about this on Samizdata, A repeat for the BBC Radio 4 Keynes v Hayek debate. Also, the BBC has an article about the debate at Keynes v Hayek: Two economic giants go head to head.

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